UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work

UK’s Labour just unveiled its first budget in 14 years – what is in it and will it work?

Chancellor’s solutions to improving economy and public services will be a radical change for country. Britain’s new government delivered its first budget on Wednesday setting out its plans for ...

World - The Guardian - 7 hours ago

Rachel Reeves: The chess fanatic playing Labour's first big gambit

Profile of the UK's first female chancellor as she prepares to deliver first Labour Budget in 14 years.

UK Budget: What to Know Before Labour’s Announcement

The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.

Top stories - The New York Times - 2 days ago

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 9 hours ago

FirstFT: Harris calls on America to ‘turn the page’ on Trump

Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after results

World - Financial Times - 17 hours ago

What is a 'working person', according to Labour?

The government has promised not to raise taxes on "working people" in this Wednesday's Budget.

EY slims workforce for first time in 14 years

Slowdown in demand for consulting services leads Big Four accounting firm to post weakest revenue growth since 2010

Business - Financial Times - October 17

In U.K. Budget, Labour’s First Big Political Moment Offers Risk and Reward

British Prime Minister Keir Starmer’s government has stumbled since his party won a landslide victory, but the financial plan to be announced on Wednesday offers a possible relaunch.

World - The New York Times - Yesterday

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - 2 hours ago

Is ‘working people’ working for Labour?

Plus what to expect from the ‘bazooka’ Budget

Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...

World - The Guardian - 9 hours ago

What to expect in Rachel Reeves’ first Budget

Chancellor is due to unveil tax and spend measures, but she may struggle to boost growth quickly

World - Financial Times - Yesterday

Budget boost to UK economy forecast to fade after two years

The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.

UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”

World - ABC News - 14 hours ago

UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leeway. UK inflation surprise opens up wriggle room for lower rates and less painful budget ...

World - The Guardian - October 16

Trump plan would make Social Security insolvent in just 6 years, budget group says

Republican Donald Trump and Democrat Kamala Harris have both vowed not to cut the popular government programs Social Security and Medicare.

Business - CNBC - October 21

'We earn £100,000. We are not worse off after the Budget'

People tell the BBC how much they earn and what they made of the Budget.

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Business - Financial Times - 18 hours ago

UK consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live

People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK. Budget will reverse huge cuts in UK’s public investment, Reeves confirms Fewer ...

World - The Guardian - 5 days ago

ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales

ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.

Business - CNBC - October 17

China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car

The Chinese smartphone company also announced a high-end sports version of the car, the SU7 Ultra, would begin preorders ahead of a product release in March.

Business - CNBC - 20 hours ago

Reeves embarks on Budget that will define Labour government

Prime minister and chancellor aim to convey sense of joint purpose ahead of long-awaited fiscal event on Wednesday

Business - Financial Times - 2 days ago

Britain’s Labour Budget: bold ambition, uncertain prospects

Rachel Reeves must now deliver on her investment plans, or taxes will rise even further

World - Financial Times - 8 hours ago

Reeves will not unveil new freeports in Budget, officials admit

One government figure says Downing Street announcement on Friday was ‘total cock-up with the comms’

Business - Financial Times - 3 days ago

France grapples with its budget mess

The political class needs to relearn the value of fiscal discipline

World - Financial Times - 6 days ago

UK borrowing rises ahead of Budget

Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.

Business and wealthy bear brunt of £40bn tax increases in UK Budget

Markets unsettled by extent of government borrowing as Rachel Reeves boosts spending

Business - Financial Times - 8 hours ago

Labour doesn’t know who ‘its people’ are

Government inability to define group at core of its tax pledges reflects lack of political direction from top

Business - Financial Times - Yesterday

Trump accuses Labour Party of 'foreign interference'

Labour activists volunteering in the US presidential election amounts to illegal "contributions", the complaint alleges.

Drake Maye's game vs. Texans was first of its kind in 74-plus years

Patriots rookie quarterback Drake Maye made some eye-opening history with his stat line in his first NFL start on Sunday against the Texans.

Sports - Yahoo Sports - October 14

Bungie's Marathon Gets Its First Update in Over A Year Albeit With Few New Details

After more than a year of silence, Bungie has given an update on the development progress of its extraction shooter Marathon . The lengthy video is surprisingly light on details, however, with ...

Tech - GameSpot - 2 days ago

UK inflation falls sharply to 1.7%, below Bank of England's target for first time in over three years

Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England's 2% target since April 2021.

Business - CNBC - October 16

The bull market is entering its 3rd year. Here’s what history says will happen next.

U.S. stocks were kicking off their third year in the bull market with the S&P 500 scoring a fresh record on Monday — but history suggests investors need to be prepared for a potential setback in ...

Business - MarketWatch - October 14

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